Prince Andrew Complains Over Queen Elizabeth’s Inheritance Money
Prince Andrew is reportedly upset that he has not gotten any of Queen Elizabeth's $782 million inheritance after being stripped of his royal duties and other privileges.
The Queen's inheritance will reportedly go to her oldest son, King Charles, for tax reasons,
The New York Post reported that Charles can avoid paying taxes on it if the money is given "monarch to monarch." However, it would mean that his siblings have not received any of the cash.
Princess Anne and Prince Edward are still working royals, unlike their brother, who has been removed from having a formal royal role in the family. In addition, Andrew has no income after the Queen removed his military and royal titles due to his involvement in the Jeffrey Epstein scandal.
A friend claimed that Andrew is in despair and still a "member of the family, for God's sake."
The source went on to ask if the Duke of York should "go cap in hand to his older brother to keep a roof over his head?"
Prince Andrew on Queen Elizabeth's Inheritance
A Buckingham Palace source said that the Queen's inheritance was passed directly "from monarch to monarch" as it was the most "tax efficient" way to transfer it.
The source also noted in an Independent report that the Queen had "supported her children during her lifetime," adding that she had already made provisions for them.
The news about the Queen's inheritance was reported after Prince Andrew was reported to have been approached by two American broadcasters offering him to be part of a new tell-all interview in the United Kingdom.
The Duke of York was reported to be considering "telling his side," hoping for a chance of redemption three years after his interview on the BBC's Newsnight with Emily Maitlis, wherein he talked about his connections to convicted sex offender Jeffrey Epstein.
Andrew was also reported to be resisting Charles's suggestion that he move out of the 30-room Royal Lodge and into Frogmore Cottage.
Frogmore Cottage used to be the residence of Prince Harry and Meghan Markle, the Duke and Duchess of Sussex.
King Charles's Fortune With Queen Elizabeth's Inheritance
Forbes reported that Charles now manages some $42 billion in assets and inherited $500 million from Queen Elizabeth, which included her castles, jewels, art collection, and a horse farm. All of those were tax-free.
Some of the properties that Charles inherited include Balmoral in Scotland, where she died. Charles's inheritance also includes Sandringham in eastern England.
Charles will not be obliged to pay any inheritance tax due to a 1993 agreement with the British government, which exempts the transfer of property from one sovereign to another.
Charles also receives an annual income from the Duchy of Cornwall, which earned him around $27 million.
The new monarch also owns the largest organic food brand in the United Kingdom, including a nature retreat and crafts center in Transylvania.
This article is owned by Latin Post.
Written by: Mary Webber
WATCH: Prince Andrew in ‘despair’ that the King has not shared £650million inheritance - from Evening Standard
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